MGM Resorts International

10-K & 10-Q Filings

MGM Resorts International is a Delaware corporation and global gaming and entertainment company with domestic and international locations. Its business includes casino resorts, online gaming operations, and investments in unconsolidated affiliates. The company's strategic plan focuses on strong people and culture, customer-centric model, gaming entertainment, operational excellence, and disciplined capital allocation to maximize shareholder value. MGM Resorts operates in three reportable segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its Las Vegas Strip Resorts consist of properties such as Aria, Bellagio, and The Mirage, while Regional Operations include MGM Grand Detroit and Borgata. MGM China owns MGM Macau and MGM Cotai in Macau. The company's website is mgmresorts.com, and its ticker symbol is MGM.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$7849.31
9160.84
9809.66
10081.98
9190.07
9455.12
10773.90
12188.59
12899.67
5162.08
9680.14
13173.18
16164.25
3883.97
4383.47
6.20%12.86%Cost of Revenue (-)
$4526.74
5564.35
5872.46
5946.58
5215.09
5084.01
5735.02
6918.88
7603.49
3452.71
5030.61
6652.98
8553.56
1996.80
2360.81
5.45%18.23%Gross Profit (+)
$3322.57
3596.50
3937.20
4135.40
3974.98
4371.12
5038.88
4844.22
5296.18
1709.37
4649.53
6474.50
7610.69
1876.50
2022.66
7.15%7.79%Selling, General & Administrative (-)
$1182.51
1239.77
1278.45
1318.75
1309.10
1378.62
1559.91
1764.64
2101.22
2122.33
2507.24
4226.62
4700.66
1135.54
1194.68
12.19%5.21%Depreciation & Amortization (-)
$817.15
927.70
849.23
815.76
819.88
849.53
993.48
1178.04
1304.65
1210.56
1150.61
3482.05
814.13
203.50
196.56
-0.03%-3.41%Non-recurring Operating Expenses (-)
$
139.34
Operating Expenses (-)
$1999.34
2404.61
2357.73
2173.77
2200.31
2507.55
2671.87
3522.42
1475.49
2394.74
2455.66
4874.92
5657.09
1070.66
1539.16
9.05%43.76%Costs & Expenses (Total) (-)
$3792.17
9033.94
8741.21
8822.28
9346.30
7375.34
9058.41
10441.30
9078.98
5847.45
7486.26
11527.90
14210.65
3067.46
3899.97
11.64%27.14%Operating Income/Loss (+)
$4057.15
80.53
1111.51
1323.54
-156.23
2079.79
1715.49
1469.49
3940.22
-642.43
2278.70
1439.37
1891.50
730.84
458.38
-6.16%-37.28%Non-operating Income/Expense (+)
$-1225.52
-1814.74
-1023.75
-912.65
-890.01
-820.61
-751.74
-835.48
-1093.49
-869.04
-816.89
-535.57
-418.73
-85.18
-114.98
-34.99%Interest Expense (-)
$-1086.83
-1116.36
857.35
817.06
797.58
694.77
668.75
769.51
847.93
676.38
799.59
594.95
460.29
130.30
110.04
-15.55%Earnings before Tax (+)
$3638.26
-1734.21
87.77
410.89
-1046.24
1259.18
963.75
634.01
2846.72
-1511.48
1461.80
903.80
1472.76
645.66
343.40
-7.26%-46.81%Tax Expense (-)
$403.31
117.30
31.26
283.71
-6.59
22.30
-1132.66
50.11
632.35
-191.57
253.41
697.07
157.84
165.78
43.67
-7.52%-73.66%Income/Loss (Continuing Operations) (+)
$3234.94
-1851.51
56.50
127.18
-1039.65
1236.88
2096.42
583.89
2214.38
-1319.91
1208.39
206.73
1314.92
479.88
299.73
-7.23%-37.54%Profit/Loss (+)
$3234.94
-1616.91
56.50
127.18
-1039.65
1236.88
2096.42
583.89
2214.38
-1319.91
1208.39
206.73
1314.92
479.88
299.73
-7.23%-37.54%Net Income/Loss (NCI) (-)
$-120.31
150.78
213.11
277.05
-591.93
135.44
136.13
117.12
165.23
-287.18
-45.98
-1266.36
172.74
13.08
82.25
529.01%Net Income/Loss (+)
$3114.64
-1767.69
-156.61
-149.87
-447.72
1101.44
1960.29
466.77
2049.15
-1032.72
1254.37
1473.09
1142.18
466.81
217.48
-8.02%-53.41%Net Income/Loss (Common) (+)
$3114.64
-1767.69
-156.61
-149.87
-447.72
1101.44
1960.29
466.77
2049.15
-1032.72
1254.37
1473.09
1142.18
466.81
217.48
-8.02%-53.41%EPS (Basic)
$6.37
-3.62
-0.32
-0.31
-0.82
1.94
3.39
0.82
3.90
-2.02
2.44
3.52
3.22
1.25
0.68
-5.53%-45.60%EPS (Diluted)
$5.62
-3.62
-0.32
-0.31
-0.82
1.92
3.35
0.81
3.88
-2.02
2.41
3.49
3.19
1.24
0.67
-4.61%-45.97%Weighted Avg Shares (Basic)
488.85
489.30
490.43
491.31
564.86
574.20
572.25
544.25
524.17
494.15
481.93
409.20
354.93
374.08
320.49
-2.63%-14.33%Weighted Avg Shares (Diluted)
578.79
549.54
527.64
494.15
487.36
412.99
358.63
378.10
323.76
-14.37%Cash
$1865.91
1543.51
1803.67
1713.71
1670.31
1446.58
1499.99
1526.76
2329.60
5101.64
5203.06
5911.89
2927.83
4505.32
2722.29
3.83%-39.58%Receivables
$491.73
443.68
488.22
473.35
480.56
542.92
540.54
657.21
612.72
316.50
583.91
852.15
929.13
752.97
924.06
5.45%22.72%Inventory
$112.73
107.58
107.91
104.01
104.20
97.73
102.29
110.83
102.89
88.32
96.37
126.06
141.68
128.73
147.36
1.92%14.47%Prepaid Expenses (Current)
$251.28
232.90
238.66
151.41
137.69
142.35
189.24
203.55
200.32
200.78
258.97
583.13
770.50
842.03
688.22
9.79%-18.27%Other Assets (Current)
$91.06
179.43
80.99
584.67
15.99
42.55
28.43
762.17
243.41
273.86
681.45
141.44
2.06
91.88
3.74%4358.03%Assets (Current)
$2812.72
2507.09
2719.44
3027.16
2408.75
2229.59
2374.63
2526.78
4007.69
5950.66
6416.18
8154.69
4910.59
6231.10
4573.81
4.75%-26.60%Securities & Long-term Investments
$1635.57
1444.55
1374.84
1559.03
1491.50
1220.44
1034.16
732.87
822.37
1447.04
967.04
173.04
240.80
153.86
246.17
-14.76%60.00%Property, Plant & Equipment (Net)
$14866.64
14194.65
14055.21
14441.54
15371.80
18425.02
19635.46
20729.89
22678.44
22918.78
25928.30
29754.86
29477.01
29544.05
29531.04
5.87%-0.04%Goodwill & Intangibles
$7944.73
7640.68
7409.30
7261.97
5595.55
5904.82
5684.49
5765.85
5911.07
5735.03
7097.38
6580.56
6890.28
6781.06
6839.07
-1.18%0.86%Other Assets
$506.61
497.77
551.39
412.81
347.59
393.42
430.44
455.32
456.79
443.42
490.21
1029.05
849.87
832.17
888.97
4.41%6.83%Assets (Non-current)
$24953.56
23777.65
23390.75
23675.35
22806.43
25943.71
26784.55
27683.93
29868.66
30544.27
34482.93
37537.51
37457.96
37311.13
37505.24
3.44%0.52%Assets (Total)
$27766.28
26284.74
26110.19
26702.51
25215.18
28173.30
29159.18
30210.71
33876.36
36494.93
40899.12
45692.21
42368.55
43542.23
42079.05
3.58%-3.36%Accounts Payable
$382.03
407.71
444.53
355.41
347.94
420.16
390.81
442.62
357.69
281.36
435.72
453.27
521.89
527.72
562.99
2.63%6.68%Debt (Current)
$
1245.32
328.44
8.38
158.04
43.41
1000.00
1286.47
36.49
Other Liabilities (Current)
$1362.74
1517.96
1770.80
1807.20
1561.56
1864.89
2543.53
2462.85
2833.74
1575.23
2006.54
2776.15
2604.18
2280.22
2471.00
5.55%8.37%Liabilities (Current)
$1744.76
1925.67
2215.33
3407.93
2237.95
2293.42
3092.38
2948.88
3191.42
1856.58
3442.26
4515.89
3126.07
2844.43
3033.99
4.98%6.66%Debt (Non-current)
$13470.17
13589.28
13447.23
12913.88
12368.31
12979.22
12751.05
15088.00
15810.46
12848.77
12090.71
7689.10
6343.81
6841.48
6269.76
-6.08%-8.36%Other Liabilities
$2669.12
2653.77
2572.00
2752.43
2838.24
2877.21
1589.25
1601.78
2106.51
10543.13
14241.83
28118.74
28531.17
28624.56
28715.75
21.83%0.32%Liabilities (Non-current)
$16139.29
16243.05
16019.23
15666.31
15206.55
15856.43
14340.30
16689.78
17916.97
23391.90
26332.54
35807.84
34874.98
35466.04
34985.51
6.63%-1.35%Liabilities (Total)
$17884.05
18168.72
18234.56
19074.24
17444.50
18149.85
17432.69
19638.66
21108.39
25248.48
29774.80
40323.73
38001.05
38310.47
38019.50
6.48%-0.76%Retained Earnings
$1981.39
213.70
57.09
-107.91
-555.63
545.81
2252.89
2423.48
4201.34
3091.01
4340.59
4794.24
3664.01
4799.18
3393.80
5.26%-29.28%AOCI
$5.98
14.30
12.50
12.99
14.02
15.05
-3.61
-8.56
-10.20
-30.68
-24.62
33.50
143.90
36.81
59.81
30.35%62.49%Shareholder's Equity
$9882.22
8116.02
7875.62
7628.27
7764.43
9969.31
11646.72
10469.79
12662.92
11179.91
10976.77
5210.12
4334.15
5222.10
4027.28
-6.64%-22.88%Liabilities & Equity
$27766.28
26284.74
26110.19
26702.51
25215.18
28173.30
29159.18
30210.71
33876.36
36494.93
40899.12
45692.21
42368.55
43542.23
42079.05
3.58%-3.36%Net Income/Loss
$3234.94
-1616.91
56.50
127.18
-1039.65
1236.88
2096.42
583.89
2214.38
-1319.91
1208.39
206.73
1314.92
479.88
299.73
-7.23%-37.54%Depreciation & Amortization
$910.95
1001.09
884.51
853.41
866.16
890.02
1026.48
1219.15
1343.62
1244.92
1190.94
3514.82
841.97
210.63
203.58
-0.65%-3.35%Increase/Decrease in Working Capital
$298.54
-159.13
-62.49
273.75
166.82
-261.63
-288.49
130.44
245.66
624.46
-142.50
-128.20
-152.95
-105.08
182.04
273.23%Share-based Compensation
$39.71
39.56
32.33
55.49
62.49
70.18
88.84
106.96
65.18
71.30
73.61
23.89
26.78
5.28%12.09%Adjustments to Reconcile Net Income
$-2559.82
2526.26
1253.95
1003.49
2044.73
297.09
109.99
1138.65
-403.98
-173.14
165.03
1549.73
1375.85
224.17
249.54
11.32%Net Cash (Operating)
$675.13
909.35
1310.45
1130.67
1005.08
1533.97
2206.41
1722.54
1810.40
-1493.04
1373.42
1756.46
2690.78
704.05
549.27
12.21%-21.98%Capital Expenditure
$-579.79
-368.89
573.05
1052.43
1562.64
2921.61
1880.09
2388.44
1353.99
361.37
2400.59
1742.64
749.09
-282.46
182.05
164.45%Net Cash (Investing)
$-21.31
-446.42
-560.14
-1524.15
-795.06
-2276.20
-1580.59
-2083.02
3519.43
2159.30
1543.64
2118.18
-714.17
212.18
-108.41
-151.09%Increase/Decrease in Debt
$1706.08
7604.25
-140.26
713.85
101.77
-300.62
-137.67
2239.99
-4148.22
2412.72
-1346.44
77.94
-2382.91
-1836.46
-76.70
95.82%Increase/Decrease in Equity
$
160.25
-23.58
-13.68
-46.17
992.88
50.07
-1359.85
-1094.93
-416.07
-1772.24
-2776.58
-2313.45
-484.40
-516.18
-6.56%Interest Expenses
$1001.98
1039.65
840.28
776.78
776.54
661.17
658.64
723.61
826.97
639.72
705.68
573.63
452.16
92.24
48.36
-6.42%-47.57%Dividends Paid
$
206.81
318.35
386.71
307.23
103.37
422.42
445.52
494.59
363.99
328.98
214.75
177.09
17.94
11.57
-35.48%Net Cash (Financing)
$711.92
-786.96
-979.42
308.08
-257.88
519.42
-568.78
389.23
-4529.59
2103.43
-2814.09
-3024.30
-5004.63
-2380.13
-628.97
73.57%Cash Taxes Paid
$-172.02
6.98
0.83
42.27
11.80
68.24
181.65
-10.10
28.49
8.54
43.02
22.95
344.40
0.37
2.33
525.54%Effect of Exchange Rate
$1.21
1.62
-0.44
-0.89
0.79
-0.92
-3.63
-1.99
2.60
2.35
-1.55
8.93
-19.40
-6.48
-17.60
-171.60%Increase/Decrease in Cash
$1366.95
-322.40
260.16
-86.29
-47.06
-223.73
53.41
26.77
802.84
2772.03
101.42
833.33
-3021.49
-1444.44
-205.71
85.76%Cash (Beginning)
$498.96
1865.91
1543.51
1803.67
1713.71
1670.31
1446.58
1499.99
1526.76
2329.60
5101.64
5203.06
6036.39
6036.39
3014.90
23.09%-50.05%Cash (Ending)
$1865.91
1543.51
1803.67
1713.71
1670.31
1446.58
1499.99
1526.76
2329.60
5101.64
5203.06
6036.39
3014.90
4591.94
2809.19
4.08%-38.82%NOPAT
$3607.40
80.20
1100.94
1187.37
-157.22
1967.08
3731.64
1353.34
3900.78
-723.86
2211.64
1475.93
1449.18
730.42
455.27
-7.32%-37.67%Gross Margin %
42.33%
39.26%
40.14%
41.02%
43.25%
46.23%
46.77%
39.74%
41.06%
33.11%
48.03%
49.15%
47.08%
48.31%
46.14%
Operating Margin %
51.69%
0.88%
11.33%
13.13%
-1.70%
22.00%
15.92%
12.06%
30.55%
-12.45%
23.54%
10.93%
11.70%
18.82%
10.46%
NOPAT Margin %
45.96%
0.88%
11.22%
11.78%
-1.71%
20.80%
34.64%
11.10%
30.24%
-14.02%
22.85%
11.20%
8.97%
18.81%
10.39%
Net Margin %
39.68%
-19.30%
-1.60%
-1.49%
-4.87%
11.65%
18.19%
3.83%
15.89%
-20.01%
12.96%
11.18%
7.07%
12.02%
4.96%
Tax Rate %
11.09%
0.40%
0.95%
10.29%
-0.63%
5.42%
-117.53%
7.90%
1.00%
-12.67%
2.94%
-2.54%
23.38%
0.06%
0.68%
ROA
12.99%
0.31%
4.22%
4.45%
-0.62%
6.98%
12.80%
4.48%
11.51%
-1.98%
5.41%
3.23%
3.42%
1.68%
1.08%
ROE
36.50%
0.99%
13.98%
15.57%
-2.02%
19.73%
32.04%
12.93%
30.80%
-6.47%
20.15%
28.33%
33.44%
13.99%
11.30%
ROIC
15.42%
0.36%
5.02%
5.35%
-0.73%
7.96%
14.60%
5.01%
13.44%
-2.52%
6.60%
3.95%
3.81%
1.99%
1.24%
Asset Turnover
0.28
0.35
0.38
0.38
0.36
0.34
0.37
0.40
0.38
0.14
0.24
0.29
0.38
0.09
0.10
Inventory Turnover
40.15
51.72
54.42
57.17
50.05
52.02
56.07
62.43
73.90
39.09
52.20
52.77
60.37
15.51
16.02
Equity Multiplier
2.81
3.24
3.32
3.50
3.25
2.83
2.50
2.89
2.68
3.26
3.73
8.77
9.78
8.34
10.45
Current Ratio
1.61
1.30
1.23
0.89
1.08
0.97
0.77
0.86
1.26
3.21
1.86
1.81
1.57
2.19
1.51
Quick Ratio
1.35
1.03
1.03
0.64
0.96
0.87
0.66
0.74
0.92
2.92
1.68
1.50
1.23
1.85
1.20
Debt/Equity Ratio
1.36
1.67
1.71
1.86
1.64
1.30
1.11
1.45
1.25
1.15
1.19
1.72
1.46
1.32
1.56
Interest Coverage Ratio
4.05
0.08
1.32
1.70
-0.20
3.15
2.60
2.03
4.76
-1.00
3.23
2.51
4.18
7.92
9.48
Working Capital/Sales
0.07
0.06
0.05
0.05
0.06
0.04
0.02
0.04
0.03
0.01
0.05
0.08
0.10
0.11
0.09
Dividend Payout Ratio %
257.86%
28.92%
32.57%
195.42%
5.25%
11.32%
32.92%
12.68%
50.28%
14.87%
14.55%
12.22%
2.46%
2.54%
Total Payout
$-704.10
-6518.03
1322.47
463.32
1028.17
72.27
1168.65
288.99
6564.70
-992.94
4153.34
3487.02
5325.61
2431.03
652.81
-73.15%Payout Ratio %
-19.52%
-8127.04%
120.12%
39.02%
653.98%
3.67%
31.32%
21.35%
168.29%
-137.17%
187.79%
236.26%
367.49%
332.83%
143.39%